(Bloomberg) -- China-based cloud fintech platform OneConnect Financial Technology Co. cut its planned U.S. initial public offering set for Thursday by almost half. The company, one of several Ping An ...

China-based cloud fintech platform OneConnect Financial Technology cut its planned US initial public offering set for Thursday by almost half. The company, one of several Ping An Insurance (Group) ...

OneConnect Financial Technology, a Ping An-backed provider of operations management tools for financial firms, lowered the proposed deal size for its upcoming US IPO on Wednesday. The Shenzhen, ...

OneConnect will shutter its cloud services division, which accounted for nearly half its revenue, after losing most of its customers for the business The development underscores a major risk for ...

A more focused product strategy has resulted in narrower losses for OneConnect Financial Technology. But OCFT's revenue growth has slowed, and customer concentration remains a key downside risk for ...

OneConnect is a technology provider that operates the ubiquitous technology-as-a-service model for financial institutions. The company is capitalizing on China's untapped potential as digitization in ...

HONG KONG, Dec 3 (Reuters) - Ping An Insurance's OneConnect Financial Technology launched a U.S. initial public offering (IPO) of up to $504 million on Tuesday, reducing both its target offering size ...